Sirca Paints India Ltd IPO Biding Information

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Sirca Paints India Ltd

Sirca Paints India Limited was established in 2017, Delhi based Sirca Paints India Limited is a company engaged in marketing and trading/distributor of paints and allied products. It is the first Company to launch wood filler in India and opened its wholly owned branches in Mumbai and Chennai.

Sirca procures the products majorly from SIRCA SPA ITALY through Import and sells them in India through its Distributors.

In addition, the Company also procures the products (Thinner, Abrasives and Buffing Cream) from other suppliers based in India. Except for Thinner and Abrasives which are purchased from domestic
suppliers, all other 100% Purchases are made from Outside India and the products which are purchased from domestic suppliers and sold out in India Only.

Sirca Paints India Ltd IPO Brief
Issue Opens 16 May 18 Price Band : 151 - ₹160
Issue Closes 23 May 18 Bid Lot 800 Shares
Listing At NSE, BSE

Number of Times Issue is Subscribed (BSE + NSE)

Category No.of Shares Offered/reserved at No.of shares bid for No.of Times Subscribed
Qualified Institutional Buyers(QIBs)* 22,98,400 11,56,000 0.5
Non Institutional Investors 6,99,200 224,10,400 32.05
Retail Individual Investors(RIIs) 16,28,000 149,04,800 9.16
Total

Total No.of Application Approx : ~ 18848

Retail Subscription on the basis of Apps : 9.26 x

Issue Terms

Issue price / Floor Price (Rs) 151-160
Application per share (Rs) 160
Minimum bid (no of shares) 800
Maximum Shares for Retail 800

Issue Date and Sizes

Issue opens 16 May 18
Issue closes 23 May 18
Listing on 16 May 18
Issue size (Rs cr) 77.92

FAQs

  • When is Sirca Paints India Ltd IPO coming?

    The Sirca Paints India Ltd IPO opens on 16 May 18 and closes on 23 May 18.

  • What is Sirca Paints India Ltd IPO timetable?

    Sirca Paints India Ltd IPO tentative timelines are as below.

    • Public Issue Open: 16 May 2018
    • Public Issue Close: 23 May 2018
  • What is Sirca Paints India Ltd IPO closing time?

    Sirca Paints India Ltd IPO will close for subscription at May 23, 2018 12:00:00 AM.

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